Earn Network, a fully decentralized marketplace for yield earning opportunities, has partnered with Decimal, a fast-growing platform for deploying new assets, for the first official integration of a base-layer network into Earn Network’s DeFi Staking. This partnership aims to provide an easy and efficient way for all projects deployed on the Decimal network to implement staking mechanisms for their assets without having to build complex smart contracts from scratch.
Earn Network and Decimal Synergies
Decimal, a rapidly expanding EVM-based network (with more than 220 assets deployed on it) and Earn Network's DeFi Staking are complementary to each other.
Adding Decimal to the list of supported networks will benefit its entire ecosystem by facilitating increased adoption and expansion and by providing a competitive advantage over other base-layers. The partnership will attract new users interested in earning rewards through staking, leading to a larger audience & liquidity locked in on Decimal's native network. Both the Earn Network and Decimal have long-term goals that align with the success of each other.
DeFi Staking and its Benefits for the Entire Decimal Ecosystem
DeFi Staking allows everyone to take part in the yield-earning world in an easy, safe and transparent manner. It promotes network security by incentivizing users to hold and stake their tokens, which in turn helps prevent network centralization.
Earn Network's implementation of the Decimal network to DeFi Staking brings game-changing benefits to its entire ecosystem.
As the base-layer, Decimal will be added to the list of supported networks of Earn Network's platform, allowing every asset deployed on it to launch staking solutions. Having a ready-to-go rewarding environment for projects provides a competitive edge, making Decimal more attractive to coin developers, investors and regular users. Thus, we believe that this integration will attract new projects to be deployed on Decimal, facilitating its increased adoption and expansion by driving network growth.
Benefits for the Assets Deployed on Decimal Network
By implementing Earn Network's DeFi Staking on the Decimal network, various benefits are also provided to the assets deployed on it.
DeFi staking integration delivers an easy and accessible environment to launch customizable and easy-to-manage staking smart-contracts via a simple dashboard. With a ready interface and an audience of stakers waiting to participate, assets can quickly and easily launch their staking solutions and benefit from the advantages of DeFi Staking. This allows projects to focus on developing their core offerings while providing staking as an added benefit to their users.
Teams are able to deploy two comprehensive staking methods: Locked & Flexible, which will save them thousands of dollars on developing and auditing dedicated staking smart-contracts. Newly launched staking solutions will also be exposed to a huge niche audience of over 145,000 stakers via the MyCointainer & Earn Network platforms.
Benefits for the regular users of DeFi Staking
Earn Network is committed to providing regular users with a simple, intuitive, and decentralized DeFi experience. As part of this commitment, we constantly extend the range of assets and staking options for them, which is possible thanks to official partnerships with projects such as Decimal.
Besides that Decimal is built on dPoS consensus, we are excited to announce that DEL will also be supported temporarily at our Locked & Flexible Staking pools on Earn Network. This incentive will be designed to provide high rewards, short duration, and limited time, making it a great opportunity for users to earn outstanding rates.
In summary, the upcoming integration, which is planned to be completed in a few days from the publication date of this post, will benefit both the native Decimal network and individual projects looking to offer staking as a service for their assets. With its accessibility and ease of use, DeFi staking can boost liquidity and gain a competitive advantage for Decimal and its partners while providing users with attractive rewards and benefits in the staking experience.